Housing in Essex, MD is a great investment, as median value is only $241,100 compared to the US median of $338,100. The 1 year appreciation rate for housing in Essex is higher than the national rate at 8.83%, showing that it is a strong market with positive growth. With its close proximity to major cities like Baltimore and Washington D.C., Essex offers great housing opportunities for those looking for affordable price points without sacrificing access to jobs and amenities.
The median home cost in Essex is $241,100. Home appreciation the last 10 years has been 52.0%. Home Appreciation in Essex is up 8.8%.
Average Age of Homes
- The median age of Essex real estate is 51 years old
The Rental Market in Essex
- Renters make up 40.1% of the Essex population
- 2.1% of houses and apartments in Essex, are available to rent
DID YOU KNOW
Buying a home is the biggest single purchase most people make during their lives. The second largest is most often an automobile.